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Sugar Beet Juice Extract Market

Data Bridge Market Research analyses that the global sugar beet juice extract market will project a CAGR of 6.29% for the forecast period of 2022-2029. Growth and expansion of the food and beverages industry, growing focus on innovations by the food and beverages sector, rising consumer consciousness towards the consumption of food and beverages that provide nutritional benefits, surging consumption rate for natural sweeteners and increasing personal disposable income by the major companies are the major factors attributable to the growth of sugar beet juice extract market.

Sugar beet juice extracts are extracted from sugar beet plant to use it as a natural sweetener in a wide range of food and beverage items. However, the extraction of sugar beet juice is a complex process. Sugar beet plants have a high concentration of high sucrose content and therefore, are high in demand as natural sweetening agents. Sugar beet plants are also cultivated for the commercialization and production of sugar. Sugar beet juice extraction process involves the application of two machinery equipment at once.

Rising personal disposable income and growing consciousness towards maintaining good health are the major factors fostering the growth of the market. Changing lifestyle, westernization, rising research and development initiatives taken by major companies especially in the developing economies, surging consumption of natural sugar sweeteners and ever-rising global population are acting as market growth determinants. Improving distribution channel, rising demand for biofuel, and ethanol blended fossil fuel in the developing economies, growing development of innovative harvesting technologies and genetically modified sugar beets, emerging and existing diverse application areas of this extract and changing tastes and preferences of consumers will further induce growth in the market value.

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